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description

Strategic initiatives are the collections of short-term discretionary projects and programs, outside the organization's day-to-day operational activities, that are designed to help the organization achieve its targeted performance. They also help accelerate an organizational mass into action and overcome inertia and resistance to change. This chapter discusses three processes involved in managing a portfolio of strategic initiatives: selecting initiatives, providing resources for them, and assigning accountability for executing them.

This chapter is excerpted from "Execution Premium: Linking Strategy to Operations for Competitive Advantage."

learning objective:

To show you how to align short-term action programs with strategic and cross-functional priorities, and provide high degrees of visibility and accountability to the programs.